Very readworthy thread! If Hahvahd Biznis was teaching this instead of pyramid greed.... what a wonderful world this would be.
It all seems so obvious, how in 13 dimensions could elegantly-educated people do what they did, oblivious to the entirety of history and to a most fundamental business principle, maintenance of value? My gawd, it's beginning to look like Ted Kascinsky was right! He WAS a genius, after all. So why, again, do we put self-serving peabrains like Welch at the top of the industrial foodchain?
This will sound silly and perhaps it is but on the other haps it's dead-on. I suspect it goes back to the introduction of tetraethyl lead into the fuel supply, spewed by hundreds of millions of cars over 40 years and over the entire country. What wasn't inhaled immediately settled to the ground to poison generations. How else could everybody have gone crazy all at once?
We're all addled compared to where we would be if not for the ubiquitosity of environmental lead. This would explain a great many things. See 'Dirty Laundry' for some urgently-pressing examples.